Carl, none of the insiders sold above the $15 mark. I think most, if not all, sold in the $10-$12 range, which is about the price when I ultimately gave up trying to daytrade EDIG. I began daytrading at the mid-teen point, after having sold most of my stock in the mid-to-high teens. Given the strong interest in EDIG, I thought there'd be more back and forth trading action, so I tried a whole bunch of buys and sells. It didn't work and, thus, I ended up giving back some of my profit gained from having originally bought at two and three bucks.
So what's the big deal with the $10-$12 range? Well, I remember it well. At this price range there was a protacted stall, given that most of the proft-taking was finished and the shorties already had wrecked their havoc. I think this price range was a crucial point and one whereby investors (insiders included) seriously began to realize EDIG's share price was in a stall, and perhaps could fall even more, as it awaited decision the long time-consuming Nasdaq decision.
In effect, the insiders, who sold but a portion of their holdings, made a wise decision to sell when they did. Would you have done the same thing? Would I? Indeed, I did. I sold higher than the insiders did and I'm not even an insider!
So, that the insiders sold at the price they did, is really no big deal. I think, in the future, if you're gonna criticize them for selling, you should always list what they currently hold so as to give balance to your argument.
Regarding your visits to Woody's other companies? I don't know about the others who participate on this thread, but my concern is with e.Digital, not the other companies. Carl, what can you tell us about e.Digital's Fred Falk, who wasn't with the other companies? Was it a wise move for Woody to stop trying to run the business aspect and, instead, concentrate only on the technology aspect of the business? You must admit that this is a big difference from the other companies you mention. |
